Florida Real Estate Practice Exam

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What kind of a mortgage does Flynt have for his shopping center?

Fee simple
Freehold
Leasehold
Participation

The correct answer is: Participation

Flynt most likely has a participation mortgage for his shopping center. This type of mortgage allows a lender to receive a percentage of the rental income or profits generated by the property in addition to interest payments on the loan. Fee simple and freehold mortgages refer to ownership of the property, not the type of mortgage. Leasehold refers to a building or land being leased by a tenant, not the owner. Therefore, these options are incorrect and do not pertain to Flynt's mortgage for his shopping center.